City Council

16. 26-54807 Recommendation to authorize City Manager, or designee, to execute an Estoppel and Recognition Agreement in favor of MCRT Investments LLC (or an affiliate) (MCRT) in connection with the transfer and development of the Mid Block Site at 321 West Ocean Boulevard; Authorize City Manager, or designee, to execute an amendment to the Second Amended and Restated Conveyance Agreement (Contract No. 35331) with MCRT and Plenary Properties Long Beach LLC to, among other things, recognize MCRT’s rights to the Mid Block Site and provide for project phasing; Authorize City Manager, or designee, to execute an Indemnification and Reimbursement Agreement with MCRT to, among other things, allow for MCRT to fulfill City’s existing obligation under the Civic Center Project Agreement to remediate certain impacted soil existing on the Mid Block Site; Authorize City Manager, or designee, to execute a Waterline Easement Agreement with MCRT Investments LLC (or an affiliate) to, among other things, allow for the City to install and maintain a water pipeline and related facilities on a portion of the Mid Block Site; Authorize City Manager, or designee, to execute an Access Agreement with MCRT Investments LLC (or an affiliate) to, among other things, allow MCRT and its contractors to access City-owned property for the purposes of installing public improvements required in connection with the project; Authorize City Manager, or designee, to execute an Easement Agreement with MCRT Investments LLC (or an affiliate) to, among other things, allow for the installation of landscaping, hardscaping and a fire lane on a portion of City-owned property; Adopt resolution approving deferral of up to $1,799,917, in development impact fees to be collected at the completion of Phase Two of the project in recognition of infrastructure completed early in Phase One; 26-54808 Adopt resolution approving an “Other Alternative Compliance Method” request under the City’s Inclusionary Housing Ordinance for a 729 unit housing development project located at 321 West Ocean Boulevard, to allow the option for inclusion of seventy-three (73) Moderate-Income (MI) level affordable units (10 percent MI affordability) instead of the standard requirement of forty-four (44) Very- Low-Income (VLI) and forty-four (44) Low-Income (LI) level affordable units (12 percent total affordability) for the affordability requirement pursuant to Section 21.67.080(C) of the Long Beach Municipal Code and adopting related findings thereto; and Authorize City Manager, or designee, to execute such other documents, agreements, or maps as are reasonably necessary to effectuate the transfer and development of the Mid Block Site. (District 1) Levine Act: Yes Office or Department: Community Development; Public Works Suggested Action: Approve recommendation.